How To Fix 63064 - Cash deposit not sufficient for withholding amount

SAP Error Message - Details

• Message type: E = Error

• Message class: 63 - Messages for Real Estate Management

• Message number: 064

• Message text: Cash deposit not sufficient for withholding amount

What causes this issue?

The total cash deposit to be refunded (&V1& &v2&) is less than the
entered withholding amount.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Verify withholding amount and enter a lower amount, if necessary.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 63064 - Cash deposit not sufficient for withholding amount ?

  The SAP error message "63064 Cash deposit not sufficient for withholding amount" typically occurs in the context of financial transactions, particularly when dealing with withholding tax calculations. This error indicates that the cash deposit available is not sufficient to cover the withholding tax amount that needs to be paid.
  Cause:
  
  Insufficient Cash Deposit: The primary cause of this error is that the cash deposit in the system is lower than the amount required for withholding tax.
  Incorrect Configuration: There may be issues with the configuration of withholding tax settings in the SAP system.
  Data Entry Errors: Incorrect data entry during transaction processing can lead to discrepancies in the cash deposit and withholding tax amounts.
  Timing Issues: If the cash deposit was not updated or posted correctly before the transaction requiring withholding tax is processed, it can lead to this error.
  
  Solution:
  
  Check Cash Deposit: Verify the cash deposit amount in the system. Ensure that it is sufficient to cover the withholding tax amount.
  Update Cash Deposit: If the cash deposit is insufficient, you may need to make additional deposits or adjust the existing deposit to ensure it covers the required withholding tax.
  Review Configuration: Check the configuration settings for withholding tax in the SAP system. Ensure that the tax codes and rates are set up correctly.
  Correct Data Entry: Review the transaction data for any errors. Ensure that all amounts are entered correctly and that the withholding tax is calculated based on the correct parameters.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling withholding tax and cash deposits.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  Withholding Tax Configuration: Understanding how withholding tax is configured in SAP can help prevent this error. This includes knowing how tax codes are set up and how they interact with cash deposits.
  Transaction Types: Familiarize yourself with the types of transactions that may require withholding tax and how they are processed in SAP.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles and Authorizations: Ensure that the user processing the transaction has the necessary roles and authorizations to manage cash deposits and withholding tax.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.